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Laconia council releases $2.7 million from school construction reserve to reimburse SAU 30
Summary
The Laconia City Council on June 9 approved releasing $2,700,000 from the city’s school construction capital reserve fund to reimburse SAU 30 for local costs on the Laconia High School construction project; the total project cost was reported as $10 million, mostly covered by federal funds.
The Laconia City Council voted June 9 to authorize the release of $2,700,000 from the city’s school construction capital reserve fund to reimburse SAU 30 for local expenses on the Laconia High School construction project.
City materials state the total project cost was $10,000,000 and that the “bulk of this was paid with federal funds,” with $2,700,000 comprising the local share. The reimbursement was presented during the council’s unfinished business; a public hearing on the measure was held earlier in the evening.
City Manager Kirk Biotti and Finance Director Glenn Smith were at the council table for questions. Biotti summarized the scope of the high school renovations — classroom ventilation, bathroom renovations and kitchen upgrades — as presented in the project materials.
Councilor Soucy moved approval and Councilor Hoffman seconded. The motion passed with six affirmative votes. Approval will reduce the balance of the school construction capital reserve fund by $2,700,000, as indicated in the fiscal materials supplied to the council.
The council document notes that the project received a majority of its funding from federal sources; the city’s action releases local reserve funds to reimburse SAU 30 for eligible expenditures. The council did not attach any additional conditions to the reimbursement vote during the meeting.
Mayor Andrew J. Hosmer presided; no public speakers addressed this item during the hearing earlier in the meeting.
